Brussels, 26/04/2012 (Agence Europe) - On Wednesday 25 April, the Lithuanian government approved the country's convergence programme for 2012, which it will now be submitting to the European Commission. It explains in a press release that it aims to cut the public deficit to below 3% of GDP this year, 2% of GDP next year and then it should continue to decline to 1% of GDP in 2014. The debt should decrease from 40.2% of GDP in 2012 to 34.9% of GDP in 2015. The government aims to reduce the fiscal deficit by limiting expenditure growth, improving tax administration, reducing the shadow economy and allocating the windfall revenue to this end. (MB/transl.fl)